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CEA Industries Reports $11.4 Million First-Quarter Net Loss

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CEA Industries (Nasdaq: BNC) reported a fiscal 2027 first-quarter net loss of $11.4 million, or $0.22 per basic and diluted share, for the quarter ended July 31, 2026. Retail and Industry segment revenue was $7.2 million, down 4.6% from $7.5 million in the combined prior-year quarter.

The company held 515,544 BNB tokens with a fair value of approximately $302.3 million at quarter-end and reported total digital assets valued at $304.5 million.

  • Total operating expenses were $23.2 million, including a $15.3 million unrealized loss on digital assets.
  • Cash and cash equivalents were $7.1 million at July 31, up from $3.1 million at April 30.
  • The company repurchased and cancelled 1,434,112 shares for $3.8 million, or an average of $2.63 per share.
  • Total assets were $327.2 million, while total shareholders’ equity was $289.4 million.
  • Fat Panda operated 34 retail locations across Central Canada at quarter-end.
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